Just when things seemed darker than Johnny Cash’s closet, the U.S. stock market hasn’t been a disaster so far today. The Dow was trading less than 1 percent lower at midmorning.
But fears of a Greek default — and just where is Zorba when you need him? — continue to create more anxiety than Alfred Hitchcock once did.
Of course, looking at Thursday’s coyote-ugly economic numbers was enough to turn your eyes into lumps of coal.
Rising fear that the world is headed toward a global economic slowdown/meltdown had investors hitting the sell button so violently yesterday they developed blisters on their forefingers.
U.S. stocks plunged like Mexican cliff divers Thursday, closing down 390 points, or 3.5 percent, after hitting their lowest point this year.
At one point the Dow was down more than 5 percent and dropped as much as 527 points late in the trading session.
At this point, just talking about this fiscal apocalypse tastes like Drano in my mouth. At this rate I hope I still have enough money in my investments to buy a cigarette and a blindfold.
For young American adults, there is no rainbow in sight because they’re going blind with poverty.
Their unemployment rate is the highest since World War II, and they risk living in poverty more than others — nearly 1 in 5.
It seems the only way this lost generation can find themselves is to become pro athletes, singers, rock guitarists or reality TV stars.